SoftBank sells an additional 2% stake in Paytm

SoftBank has generated almost $200 million by selling an additional 2% of One97 Communications Ltd, the company that owns Paytm, through open market operations.

Over the past month, SoftBank has regularly sold shares in tiny batches through open market transactions, typically at a profit.

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This is the first time that SoftBank managed to sell shares of Paytm at a profit since the fintech got listed in November 2021.